Banco Macro Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	no data
CEO ownership	n/a
Management average tenure	7.1yrs
Board average tenure	7.6yrs

Recent management updates

Recent updates

CEO

Banco Macro has no CEO, or we have no data on them.

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jorge Francisco Scarinci	CFO, Finance Manager & IR Manager	18.8yrs	no data	no data
Gerardo Adrian Alvarez	Operations & Compliance Manager	less than a year	no data	no data
Marcelo Agustin Devoto	Investment Banking Manager	9.5yrs	no data	no data
Ernesto Eduardo Medina	System &Technology Manager	4.3yrs	no data	no data
Ernesto Lopez	Legal Manager	4.9yrs	no data	no data
Nicolas Giacinti	Compliance Manager	less than a year	no data	no data
Francisco Muro	Distribution & Sales Manager	10.1yrs	no data	no data
Ana Magdalena Marcet	Credit Risk Manager	no data	no data	no data
Brian Anthony	Commercial banking manager	8.2yrs	no data	no data
Eduardo Roque Covello	Banking Operations Manager	no data	no data	no data
Juan Domingo Mazzon	Government Banking & Management Control Manager	7.1yrs	no data	no data
Nicolas Torres	Investor Relations	no data	no data	no data

7.1yrs

Average Tenure

53yo

Average Age

Experienced Management: BMA's management team is seasoned and experienced (7.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jorge Pablo Brito	Chairman of the Board	22.8yrs	no data	17.28% ARS 988.6b
Marcos Brito	Director	3.3yrs	no data	no data
Constanza Brito	Non-Independent Director	6.6yrs	no data	no data
Delfin Ezequiel Carballo	Director	8.6yrs	no data	no data
Carlos Alberto Giovanelli	Vice Chairman	8.6yrs	no data	no data
Sebastian Palla	Independent Director	3.6yrs	no data	no data
Mario Luis Vicens	Independent Director	8.6yrs	no data	no data
Nelson Damian Pozzoli	Director	8.6yrs	no data	no data
Jose Sanchez	Director	8.6yrs	no data	no data
Fabian de Paul	Independent Director	5.6yrs	no data	no data
Hugo Raul Lazzarini	Independent Director	1.6yrs	no data	no data
Guido Gallino	Director	less than a year	no data	no data

7.6yrs

Average Tenure

54yo

Average Age

Experienced Board: BMA's board of directors are considered experienced (7.6 years average tenure).

Banco Macro Management

Management criteria checks 2/4

Key information

Recent management updates

Banco Macro S.A., Annual General Meeting, Apr 12, 2024

Banco Macro S.A., Annual General Meeting, Apr 12, 2024

Banco Macro S.A. Announces Resignation of Directors

Recent updates

Consensus EPS estimates fall by 19%

Price target increased by 18% to AR$34,234

Price target decreased by 56% to AR$12,585

New minor risk - Share price stability

Price target increased by 11% to AR$11,764

Consensus revenue estimates fall by 22%

Investor sentiment improves as stock rises 16%

Consensus EPS estimates increase by 21%

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Investor sentiment improves as stock rises 20%

Consensus EPS estimates fall by 26%

Banco Macro S.A. to Report Q2, 2024 Results on Aug 22, 2024

Now 21% undervalued after recent price drop

Now 13% overvalued after recent price rise

Now 22% overvalued after recent price rise

Consensus revenue estimates increase by 72%

Investor sentiment improves as stock rises 15%

Consensus EPS estimates increase by 35%, revenue downgraded

Consensus EPS estimates increase by 35%

First quarter 2024 earnings released: EPS: AR$431 (vs AR$18.90 in 1Q 2023)

Banco Macro S.A. to Report Q1, 2024 Results on May 22, 2024

Investor sentiment improves as stock rises 22%

Now 22% overvalued after recent price rise

Now 21% overvalued after recent price rise

Investor sentiment improves as stock rises 18%

Price target increased by 28% to AR$3,583

Banco Macro S.A., Annual General Meeting, Apr 12, 2024

Banco Macro S.A., Annual General Meeting, Apr 12, 2024

Full year 2023 earnings released: EPS: AR$919 (vs AR$63.76 in FY 2022)

Banco Macro S.A. Has Been Given Notice of a Class Action Filed Against It

Consensus EPS estimates fall by 17%

Banco Macro S.A. to Report Q4, 2023 Results on Feb 28, 2024

Investor sentiment deteriorates as stock falls 19%

Investor sentiment improves as stock rises 28%

Price target increased by 37% to AR$2,805

Investor sentiment improves as stock rises 18%

Banco Macro S.A. Announces Resignation of Directors

Banco Macro S.A. Announces Update on Class Action

Third quarter 2023 earnings released: EPS: AR$11.71 (vs AR$13.86 in 3Q 2022)

Investor sentiment improves as stock rises 22%

New minor risk - Share price stability

Banco Macro S.A. to Report Q3, 2023 Results on Nov 22, 2023

Investor sentiment improves as stock rises 18%

Investor sentiment improves as stock rises 18%

Investor sentiment improves as stock rises 20%

Banco Macro S.A. entered into a stock purchase agreement to acquire 100% stake in Banco Itaú Argentina S.A. from Itaú Unibanco S.A. and Banco Itaú BBA S.A. for approximately $50 million.

Consensus revenue estimates decrease by 27%, EPS upgraded

Price target increased by 10% to AR$1,081

First quarter 2023 earnings released: EPS: AR$15.27 (vs AR$19.23 in 1Q 2022)

Banco Macro S.A. to Report Q2, 2023 Results on Aug 23, 2023

Consensus EPS estimates increase by 44%

Investor sentiment improves as stock rises 22%

Price target decreased by 35% to AR$317

Itau to Sell Argentine Business to Local Private Bank

Investor sentiment improves as stock rises 19%

Price target increased by 13% to AR$488

Banco Macro S.A. to Report Q1, 2023 Results on May 17, 2023

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 18%

Full year 2022 earnings released: EPS: AR$67.35 (vs AR$42.42 in FY 2021)

Consensus EPS estimates increase by 27%

Banco Macro S.A. to Report Q4, 2022 Results on Feb 23, 2023

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Consensus forecasts updated

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Price target increased to AR$516

Consensus forecasts updated

Third quarter 2022 earnings released: EPS: AR$13.87 (vs AR$11.50 in 3Q 2021)

Upcoming dividend of AR$2.57 per share

Banco Macro S.A. Announces Cash Dividend

Banco Macro S.A. to Report Q3, 2022 Results on Nov 23, 2022